Which One of the Following Statements Is CORRECT

question 5

Multiple Choice

Which one of the following statements is CORRECT?

• A)Although juvenile courts remain as part of the judicial scene, statutes commonly provide that for certain offenses a juvenile may be tried as an adult.
• B)The only defenses that are based on a defendant asserting an excuse or justification: are mistake of law and mistake of fact.
• C)A person who violates a statute based on advice of counsel has a valid defense for violating the law.
• D)Federal and state courts hold threats of future harm can be sufficient to constitute the defense of duress.

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Definitions:

Discount Rate

The interest rate used in discounted cash flow (DCF) analysis to determine the present value of future cash flows, reflecting the risk and time value of money.

Pension Expense

The cost recognized by an employer for maintaining a pension plan for its employees during a reporting period.

Pension Obligations

These are liabilities companies face for the pension benefits they have promised to pay their employees in the future.

Tax Law

Legislation and regulations governing how taxes are assessed, collected, and managed by governmental authorities.